A-Pee story via Yahoo (at the link); wording here from private newsletter. Saudi Arabia has been waging a quiet campaign
You misspelled "blackmail Western countries."
to secure financial assistance for major oil producers if a global climate bill to slash greenhouse gas pollution ends up cutting into oil revenues.
The country that controls the world's largest proven oil reserve said it stands to lose about $19 billion a year beginning in 2012 under a new global pact, according to a calculation by the Organization of Petroleum Exporting Countries.
GOOD! Hope it happens and hope it hurts - a lot.
But those calculations were disputed in a report this week by the International Energy Agency that found that even with an international climate agreement, OPEC revenues would still rise $23 trillion between 2008 and 2030, a four-fold increase over growth between 1985 and 2007.
"We are among the economically
Al Sabban said Western nations are pursuing a policy against oil producers cloaked as a campaign to save the planet.
No, we're against the oil
| Hey Faisal, perhaps you could distribute your large holdings amongst your people to help them get through lean times ... |